Investing
Investing
Analysis: Swiss Policy Pivot Signals Exit for Big Stock and Bond Investor
Investing
Wall Street Puts Floor Under Stocks, Crude Steadies
Investing
Oil Rebounds as Investors Assess Recession Risks
Investing
European Stocks Skid on Gloomy Business Activity Data, Commodity Weakness
Oil Falls as Investors Eye Recession Risks
Date: June 23, 2022
By Yuka Obayashi TOKYO/SINGAPORE (Reuters) -Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.4, or 1.3%, to $104.78 a barrel by 0643 GMT. Brent crude futures fell $1.3,...
Oil Slumps Over 6% as Biden Set to Cut Fuel Costs for Drivers
Date: June 22, 2022
By Shadia Nasralla (Reuters) -Oil prices tumbled on Wednesday on news of a plan by U.S. President Joe Biden to cut fuel costs for drivers and amid concerns over a potential economic recession after recent central bank rate hikes, which also weighed on equities. Brent crude futures were down $7.49, or 6.5%, by 1313 GMT...
Stocks and Oil Tumble as Recession Fears Mount
Date: June 22, 2022
By Marc Jones LONDON (Reuters) – World stock markets and oil prices hit the skids on Wednesday as the persistent palpitations about rising interest rates and recessions struck again, while the Japanese yen hit a fresh 24-year low against a seemingly unstoppable U.S. dollar. The enthusiasm that had given Wall Street its best day in...
European Stocks Resume Selloff on Sliding Commodities, Inflation Worries
Date: June 22, 2022
By Sruthi Shankar (Reuters) -European stocks hit fresh one-year lows on Wednesday as a fall in oil and metal prices hurt commodity-related stocks, while surging UK inflation revived worries about slowing global growth. Global equities stabilised in the past two sessions after a volatile selloff last week on fears that aggressive tightening measures by central...
Italy’s De Nora IPO Oversubscribed Despite Turbulent Market -Bookrunner
Date: June 22, 2022
(Reuters) -Industrie De Nora, Italy’s first initial public offering (IPO) since Russia invaded Ukraine, overcame market turbulence on Wednesday with its books oversubscribed in less than two hours, one of the bookrunners said. Family controlled De Nora, founded in 1923, is a leading manufacturer of electrodes for devices such as rechargeable batteries and makes systems...
UK Shares Drop 1% as Inflation Spikes to 40-year High
Date: June 22, 2022
By Anisha Sircar and Boleslaw Lasocki (Reuters) – UK shares fell more than 1% on Wednesday after inflation in the country touched a 40-year-high in May, adding further pressure on the Bank of England to raise interest rates, while falling crude and metals prices sent commodity-linked stocks tumbling. The exporter-heavy FTSE 100 index fell 1.2%...